(City A.M) Hedge funds have upped bets against Provident Financial, hoping to capitalise on any negative reaction to the sub-prime lender’s recent share price surge…Provident’s market value leapt over 70 per cent on Tuesday. While soaring to around 1,000p a share, its stock market value remains less than a third of what it was a year ago.
Provident Financial Share Surge Makes It “A Proper Short Again” As Hedge Funds Sense A Fresh Opportunity
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